rebuffs Nacchio in request for records
Wednesday, November 15, 2006
DENVER - Former Qwest chief executive Joe Nacchio on Monday
lost his latest bid to force the government to turn over
grand jury records to support his allegation of
prosecutorial misconduct or for his records in case of
Judge Edward Nottingham previously rejected Nacchio's
request that the 42 counts of illegal insider trading be
dismissed because federal prosecutors improperly influenced
a grand jury before it decided in December to indict him.
Nottingham disagreed with arguments by Nacchio's attorneys
that jury instructions were flawed. Nacchio is charged with
selling $101 million of Qwest stock in the first five months
of 2001 based on information about the company's finances
that had not been made public. Nacchio has pleaded not
guilty, and his trial is scheduled to start in March.